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The global retinal detachment market is majorly driven by factors such as rising prevalence of eye diseases, technological advancements in ophthalmic surgical instruments, rising geriatric population among others. Retinal detachment is one of the emergency situations in which retina, the thin layer of tissue at the back of the eye, is pulled away from its usual position. Ageing, eye injuries, eye surgery, nearsightedness are some of the factors resulting in the retinal detachment.
Growing Prevalence of Diabetic Retinopathy among Diabetic Population to Boost Market Growth
High prevalence of diabetic retinopathy and other eye conditions among general population is one of the key factors driving the market growth. Along with that, increasing number of individuals suffering from diabetes mellitus has resulted in growing risk of getting diabetic retinopathy which in turn results in propelling the demand for effective treatments for retinal detachment.
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According to a research study published by American Academy of Ophthalmology in 2021, the global prevalence of diabetic retinopathy was 22.27% in 2020 and the burden is expected to significantly increase by 2045.
High Costs of Retinal Detachment Surgery to Hinder Market Growth
In spite of the growing incidence of retinal detachment among general population, the high cost of treatment especially surgery is anticipated to limit the market growth to certain extent. The high cost may hamper the adoption of surgical interventions among patients. Additionally, high cost of devices also limit their demand in low and middle income countries.
Integration of Robotics in Ophthalmology Creates Lucrative Growth Opportunities for Market Players
In recent years, with the technological advancements, the field of retinal detachment surgeries has been revolutionized. The use of robotic surgery in ophthalmology has resulted in various potential advantages to the currently used techniques. The equipment manufacturers are also focusing on introduction of advanced products to capture the untapped avenues of the market. These technologically advanced products offer high precision & accuracy and better outcomes along with other advantages. This in turn results in higher demand for such advanced products.
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By Type |
By Product |
By Treatment Type |
By End-user |
By Geography |
|
· Rhegmatogenous · Tractional · Exudative |
· Instruments · Consumables & Accessories |
· Retinopexy · Cryopexy · Scleral Buckle · Others |
· Hospitals & ASCs · Specialty Clinics · Others |
· North America (U.S. and Canada) · Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) · Latin America (Brazil, Mexico, and the Rest of Latin America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa) |
The report covers the following key insights:
Based on type, the global market is categorized into rhegmatogenous, tractional, and exudative.
The rhegmatogenous segment is expected to capture a leading market share during the study period. Rhegmatogenous retinal detachment is more common in geriatric population.
In terms of product, the global retinal detachment market is segmented into instruments and consumables & accessories.
The instruments segment held a substantial market share in 2023. High cost of these instruments coupled with new product launches by the operating players have majorly contributed to the high share of the segment.
By treatment type, the global retinal detachment market is segmented into retinopexy, cryopexy, scleral buckle, and others.
The retinoplexy segment is anticipated to grow at a significant CAGR over the study period. The advantages offered by this type such as minimally invasive, non-incisional procedure, high success rate and others have supported the segment growth.
As per end user, the market is segmented into hospitals & ASCs, specialty clinics, and others.
The hospitals & ASCs segment recorded a significant market share in 2023. Easy availability of treatment options for retinal detachment through hospitals coupled with availability of contemporary infrastructure and adequate resources have supplemented the segment growth.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The North America region is estimated to capture a major share of the global market in 2023 and maintain its position throughout the study period. Factors contributing to this include high prevalence of degenerative conditions, high patient pool of diabetes, and higher adoption of retinal detachment treatments among the population among others.
Europe held the second-largest market share in the global market in 2023. This is due to the presence of well-established as well as emerging players in the region. The European market is poised to witness a noteworthy growth rate in the coming years.
Likewise, the market in the Asia Pacific region is projected to witness the fastest growth in the near future.
This can be attributed to factors such as the high prevalence of diabetes, technological advancements in countries such as Japan and others.
The global retinal detachment market is a fragmented marketspace and encompasses various entities such as Inami & CO., Ltd, FCI, Carl Zeiss Meditec AG, and OCULUC among others.
The report includes the profiles of the following key players:
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